Special Fixed Deposit

SPECIAL FIXED DEPOSIT

Special Fixed Deposit (SFD) is a special scheme under Term Deposit. SFD provides compound interest rate, which means more interest at the end of the maturity period.

·        Period of Deposit can be from 1 year to 5 years.

·        Compound interest rate for SFD

·        Yield on Deposits up to 8.77% after compounding

·        Interest rate is same as that of FD

·        Procedure and formalities for opening SFD account are the same as of FD

·        Closure/Premature closing formalities same as that of FD

·        Loan up to 90% of the deposit amount Click here to know more about Loans against term deposit

Click here for Account opening form.